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Reader Comments (37)

Posted: Aug 26th 2009 9:36AM Miffy said

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Why would anyone be so stupid to trust other players with their stuff?

Posted: Aug 26th 2009 10:54AM (Unverified) said

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Yea, why would anyone trust another person with money for that matter? Just because they're a bank. That's why I keep all my money in cash, in a safe in my basement.

It's a little scary that our financial system failed in both the real world, and a virtual world.
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Posted: Aug 26th 2009 1:11PM Dblade said

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The federal government insures banks though, and it takes a pretty catastrophic depression to make you lose bank deposits irl. No one insures a bank in EVE, and there is no punishment for a person just deciding to say the hell with it, steal every thing, and sell their account for a hefty rl payout.

If you put your money in a bank in EVE, it's like putting your money in a bank in Zimbabwe. You have no insurance, no protection, and are investing in a place which will as easily take all of your assets and spend them, leaving you penniless.
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Posted: Aug 26th 2009 9:46AM Grok said

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*Yawn*

Another one? Does anything newsworthy happen in New Eden that doesn't involve some kind of fraud, cheating or embezzlement?

For once I'd love to see a news item on a Large Alliance being taken down through strategy and skill rather than some kind of confidence scam or outright cheating. Does that even happen?

Posted: Aug 26th 2009 10:44AM Firebreak said

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Sadly that happens so often it is not "news" worth as it is the norm. Most of the great war was won and loss based on the skill of the strategist and fleet commanders and the morale of the pilots. Spying and espionage is just a tool in the tool box most of them time and it usually can't win wars by itself. That however is hardly news worthy.
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Posted: Aug 26th 2009 11:10AM Sera Brennan said

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What you guys are missing is that EBANK hasn't toppled due to someone scamming the bank -- it's toppling because of mismanagement and poor business practices.

The money that was taken by Ridic was only a portion of their finances. If it had just been that, then they probably could have continued with ease. However, a player had defaulted on a 275 billion loan (more than the amount Ridic stole alone) and multiple other players had defaulted to bring that number up to 380 billion. That's just a mismanagement of financial risk -- a far cry from someone coming in and stealing all of the money.

This is no "attack" on the bank or no attempt for the group to fold from someone else's wishes. This is not espionage or anything like that. This is just mismanagement at its finest.
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Posted: Aug 26th 2009 11:10AM Seraphina Brennan said

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Gah, the last comment was me. Logged in with the wrong account. >.
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Posted: Aug 26th 2009 11:40AM ultimateq said

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I find all of this extremely interesting. Much more interesting than the "wow.com" articles. Oh and you did miss some news where a large alliance was taken down by strategy and skill.

http://www.massively.com/2009/06/18/has-eves-most-powerful-alliance-fallen/
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Posted: Aug 26th 2009 2:51PM (Unverified) said

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Exactly. The problem is that things like that happen but over a process of several days/weeks. They are not that spectacular. And sadly, a lot of these battles in EVE are decided not by any war effort but by someone who got bored of the game.
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Posted: Aug 26th 2009 4:42PM Grok said

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BoB's demise actually demonstrates my point.

"Band of Brothers was dealt a crippling blow back in February when a well-placed member of their own alliance defected to GoonSwarm, but on his way out, used his access privileges to disband the Band of Brothers with one click of a mouse."

That doesn't sound like skill or strategy to me. It sounds like abuse of game mechanics. While I understand that's perfectly permissible under CCP's rules, it is exactly the kind of thing I'm talking about in my original statement.
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Posted: Aug 26th 2009 9:59AM (Unverified) said

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I'm so torn over EVE. While game changing events like this are really interesting... at the same time, how fucking unfun to have your shit taken.

Posted: Aug 26th 2009 11:11AM (Unverified) said

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I look at WoW these days and think to myself how utterly futile the entire thing is, I cant imagine killing someone and not being able to loot their stuff. Whats the point in that? Yay, I killed someone, hes now 100 meters away and coming back for another go. This is ultimatly the reason I didnt last in WAR, EVE has spoiled me.

Different strokes for different folks. EVE appeals to those who like their actions to be a little more meaningful, WoW appeals to those who want to jump in, perhaps run a dungeon, perhaps get some new shiny loot.
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Posted: Aug 26th 2009 11:35AM SgtBaker said

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@Xen:

Funny, that. A friend was just trying to get me to play Aion, explaining how great it was. You know, wings and all.

I said, no thanks, I've been spoiled by EVE.

And having said that - he just can't get my fascination with EVE at all, he's tried couple of trials, always stopping a bit after the tutorial because "he doesn't have anything to do" :-)
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Posted: Aug 26th 2009 2:14PM Dblade said

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Xennith:

the problem is that the more risk, the less chance you have to enjoy pvp for its own sake. In Mabinogi, if you duel, there is no risk, so people can choose to say "No final hit, no transformed forms, no range..." they can choose to mutually exclude things that make the pvp experience lopsided or unskillful. They can even play it for fun, bashing people over the head with a lute, or using the duel to have a player fight against a player's strong pet instead of the player himself.

But with risk, you are encouraged to make the PvP as lopsided, unfair, and cheap as you can in order to minimize your risk and maximize that of your opponent. That's why EVE will never rise above what it is now, no matter how much PvE they add.

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Posted: Aug 26th 2009 10:23AM Tom L said

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This is what is supposed to happen when bankers badly assess the risk of their financial endeavors. Bankruptcy. Let's see if EVE's economy is robust enough to have EBANK sell off the good loans to pay for the bad ones. Understand the real lesson here, private individuals made poor choices and were not rewarded for their lack of judging the future. No government bailout to step in and spread the loss to those who had no stake in the venture.

Now, if only people will truly listen to the lesson.

Ta,

Posted: Aug 26th 2009 2:27PM Dblade said

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Tom, banks are insured by the FDIC to prevent that lesson, because it is catastrophic when banks are forced to fold. In EVE it doesn't even matter unless you believed in the bank enough to deposit insane ISK-if it folds, just go, do some more missions or sell a timecode, and no real harm. In real life it could spread to destroy even the most robust economy, so you have to have bailouts and safeguards.

It's silly to use a make believe economy as a basis for evaluating the real world.
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Posted: Aug 26th 2009 10:27AM GaaaaaH said

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Even discounting the ricdic scam, they still would be massively in the hole

Posted: Aug 26th 2009 11:30AM SgtBaker said

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Evul people in forums are saying it was ponzi scheme all along.
Honestly, I wouldn't be very surprised ;-)

One thing that EVE is missing - is law enforcement.. in a player run game starting something like this is pretty cool - but in the end it's all based on trust, which sadly enough, means sooner or later someone is going to run with the money and shaft everyone else. It's a ticking bomb and it's going to go off, no matter how "trustworthy" the people running the thing are.

In real world they'd get chased by the authorities and tossed in jail, but in EVE - well what's the worst thing that can happen? Someone will send you angry mails and complain in forums?

So yeah, it's ok to take a calculated risk and invest some in order to get some interest - but to actually believe your ISK is safe... puhlease..

It makes a great story though :-)

Posted: Aug 26th 2009 11:40AM (Unverified) said

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Time for a bailout!

Posted: Aug 26th 2009 11:41AM ultimateq said

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Eve has so much style. This really appeals to me, but I don't see me being able to stick with this game. It really makes me sad, because this game seems amazing.

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